NMR Stock Summary and Trading Ideas (Nomura Holdings ADR American Depositary Shares | NYSE:NMR)

Nomura is Japan's largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.

Nomura Holdings ADR American Depositary Shares trades on the NYSE stock market under the symbol NMR.

As of April 23, 2024, NMR stock price climbed to $5.89 with 157,217 million shares trading.

NMR has a beta of 1.13, meaning it tends to be more sensitive to market movements. NMR has a correlation of 0.27 to the broad based SPY ETF.

NMR has a market cap of $17.49 billion. This is considered a Large Cap stock.

In the last 3 years, NMR stock traded as high as $6.62 and as low as $3.00.

The top ETF exchange traded funds that NMR belongs to (by Net Assets): DFIV, DFAI, APIE, DFIC, DFAX.

NMR has outperformed the market in the last year with a return of +53.4%, while the SPY ETF gained +24.0%. In the last 3 month period, NMR beat the market returning +16.9%, while SPY returned +4.7%. However, in the most recent 2 weeks NMR has underperformed the stock market by returning -5.5%, while SPY returned -2.8%.

NMR support price is $5.78 and resistance is $5.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NMR stock will trade within this expected range on the day.